Emily Power

Eddie McGuire has been revealed as the mystery buyer of a Toorak office block paying close to $13 million for the property.

Land title documents list the purchaser of 414 Toorak Road as Armadale-based Jax Capital Pty Ltd, of which McGuire and his wife Carla are directors. The couple currently live in a sprawling Toorak mansion they purchased for $11 million in 2009.

McGuire’s company is understood to have trumped strong competition in potential overseas buyers, who were eager to acquire the blue-chip investment.

Eddie McGuire and wife Carla. Photo: Melissa Adams

Domain contacted the Collingwood Football Club president and broadcaster as he was boarding a plane. He said he had no comment on private affairs.

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The offer on the modern, glass façade block, which is located in the prestige Toorak village café and boutique strip between Williams and Grange Roads, was accepted in April. McGuire paid $12,570,000 for the building.

The Age reported in April that both under bidders were Chinese investors with residences in Australia and China.

The strong international interest and a glamour address contributed the final price topping the $10 to $11 million it was expected to fetch.

It was the first time the four-level building had been on the market. The rarity factor added to its caché.

The expressions-of-interest campaign was run by CB Richard Ellis real estate agents Josh Rutman and Mark Wizel. Both agents declined to comment.

The building has 2343 square metres of leasable space and can accommodate multiple retail or office tenants. Allechante nail bar and Lavish dermatology clinic are among the current occupants.

Retail area on the ground floor is vacant and advertised for let through CB Richard Ellis.

The building also features an office fit-out, including meeting rooms and workstations, basement car parking and a balcony.

Jax Capital has lodged a caveat over the property as the purchaser ahead of settlement, according to land title records.